Global Food Preservatives Market Will Reach $ 3.38 Million by 2026
Posted by ganesha on February 3rd, 2020
The market insights of Food Preservatives Marketreport helps businesses obtain granular level clarity on current business trends and expected future developments. For this, market data is broken down in a systematic process to highlight focus areas of client’s interest. For producing such excellent market research report, principal attributes such as highest level of spirit, practical solutions, dedicated research and analysis, innovation, talent solutions, integrated approaches, most advanced technology and commitment plays a key role. A numerous markets, marketing strategies, trends, future products and rising opportunities have been considered while studying market for preparing this Food Preservatives Market report.
lobal food preservatives market is expected to rise to an estimated value of USD 3.38 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026.
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Market Definition: Global Food Preservatives Market
Food preservatives are specialised chemical ingredients or extracts that are added to the food products during their production processing to restrict the growth of bacteria, microorganisms, and other harmful effects such as oxidisation. The addition of these substances improves the shelf life of the products and retains the freshness making them consumable for a longer period of time.
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Segmentation: Global Food Preservatives Market
Key Developments in the Market:
In March 2019, Corbion announced that they had agreed to acquire Granotec do Brazil with the company a leader of bakery ingredients in the Brazil region. The acquisition has been agreed for an approximate amount of USD 45 million. Granotec will be integrated into Corbion’s Brazil operations and will establish a leading presence of the company in the region and enhance their capabilities in providing special ingredients to the bakery market.
In May 2018, Kemin Industries, Inc. announced the launch of a new natural preservative, the product termed as “NaturFORT RSGT” is a plant-based preservative designed to substitute the EDTA preservatives utilized in the market. The product is designed from the extracts of rosemary, green mint and green tea which exhibit extension of the shelf life of the natural food products such as dressings, salads.
Competitive Analysis: Global Food Preservatives Market
Global Food Preservatives Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of food preservatives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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About the Authorganesha
Joined: October 29th, 2019
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